Energy Focus (NASDAQ:EFOI) Issues Quarterly Earnings Results, Beats Estimates By $1.68 EPS

Energy Focus (NASDAQ:EFOI) posted its quarterly earnings data on Tuesday. The construction company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.68, FiscalAI reports. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%. The business had revenue of $3.75 million during the quarter, compared to the consensus estimate of $3.49 million.

Energy Focus Stock Down 1.9%

EFOI traded down $0.06 on Tuesday, hitting $3.03. The company’s stock had a trading volume of 1,803 shares, compared to its average volume of 1,193,410. Energy Focus has a 12 month low of $1.66 and a 12 month high of $9.84. The firm has a market cap of $19.09 million, a P/E ratio of -20.20 and a beta of 2.16. The company’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $2.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Energy Focus has a consensus rating of “Sell”.

Institutional Investors Weigh In On Energy Focus

Institutional investors have recently made changes to their positions in the stock. DRW Securities LLC purchased a new position in shares of Energy Focus in the fourth quarter valued at $37,000. Citadel Advisors LLC bought a new stake in shares of Energy Focus during the 3rd quarter valued at $37,000. Finally, Renaissance Technologies LLC purchased a new stake in Energy Focus during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 3.67% of the company’s stock.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.